The 1940–1941 SM-sarja season was played between 8 teams from 4 cities. Each team played 7 games.
SM-Sarja championship
edit| SM-sarja | GP | W | T | L | Pts | GF | GA |
|---|---|---|---|---|---|---|---|
| KIF Helsinki | 7 | 6 | 1 | 0 | 13 | 35 | 11 |
| HJK Helsinki | 7 | 6 | 0 | 1 | 12 | 32 | 6 |
| Ilves Tampere | 7 | 3 | 2 | 2 | 8 | 16 | 14 |
| Tarmo Hämeenlinna | 7 | 4 | 0 | 3 | 8 | 18 | 21 |
| HSK Helsinki | 7 | 3 | 1 | 3 | 7 | 10 | 15 |
| ÅIFK Turku | 7 | 1 | 2 | 4 | 4 | 14 | 21 |
| Riento Turku | 7 | 2 | 0 | 5 | 4 | 8 | 27 |
| TPS Turku | 7 | 0 | 0 | 7 | 0 | 5 | 23 |
KIF Wins the 1940–1941 SM-sarja championship.